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Several large deals, such as the S$2.2 billion acquisition of Jurong Point shopping mall and sales in the residential en-bloc market, powered Singapore's ascent to the fourth position, behind Hong Kong, Tokyo and Shanghai.

PHOTO: ST FILE

SINGAPORE climbed to its highest position in five years on a list of most active commercial real estate markets in the Asia-Pacific in the first half of 2017, based on Real Capital Analytics data released on Monday.

Several large deals, such as the S$2.2 billion acquisition of Jurong Point shopping mall and sales in the residential en-bloc market, powered Singapore's ascent to the fourth position, behind Hong Kong, Tokyo and Shanghai.

Singapore's sales volume grew 50 per cent to US$5.8 billion in the first half of 2017.